Is your employee is beneficial for your organization?????
Cost of employee
1. salary
2. service tax
3. space
4. company equipment
5. absenteeism
6. credits
7. Hiring expenses ( total expenses from advertising to extra interview day’s salary / total hired person. This expenses we can add monthly or quarterly or yearly on basis of employee’s bond or staying capacity)
Income by one employee
1. total income / total employee
OR
2. employee’s work hours income (Special for American offices)
very very simple method for employee’s evaluation (we can say evaluation of company’s work method… )
total income / working hours = total expenses of employee / total working hours
if figure in negative ( very soon company should stop their work or company should do very very hard work)
if figure in positive but not more then profit expectation then there is need more attractive workers. And need something difference management for employee.
If figure in positive and more then profit expectation… This is very good now we can say company is on right track to achieve goals and social responsibili
